Voluntarily by completing and lodging the relevant documents
By order of the court, at the instigation of a creditor who is owed more than $5,000
Is there a minimum I need to Owe In Order to Go Bankrupt?
No, there is no specific amount you need to be in debt. You can become bankrupt voluntarily owing any amount. However, it is important to note that a creditor cannot make you bankrupt unless you are at least $5,000 in debt.
Who Manages Your Bankruptcy?
Bankruptcy can be managed either by AFSA or a Registered Trustee
For a full list of Registered Trustees click below
